Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Endress Joins INAMAR Recreational Marine Insurance
Aug 3 2004 // INAMAR, the marine marketing and underwriting division of ACE USA, announced the appointment of Linda Endress as assistant vice president and marine underwriting manager of INAMAR’s Marine Facilities Group (MFG)....
Underwriting Improvement Continued for UK Nonlife Insurers in 2003
Jul 30 2004 // Initial review of the aggregate statistics of the U.K. nonlife primary market suggests that, as expected, 2003 saw a modest continuation of the improvement in underwriting results seen since 2000, according to a report...
Bank Holding Insurance Underwriting Income Up 2% to $25 Billion in 2003
Jul 29 2004 // Bank holding companies (BHCs) reported insurance or reinsurance income of $25.1 billion in 2003, according to Michael White’s Bank Holding Company Insurance & Investment Fee Income Report (BHC-FIR) published by...
CNA Financial Notes Solid Q2 Numbers
Jul 29 2004 // Chicago-based CNA Financial Corp. announced second quarter of 2004 results. Net income for the second quarter of 2004 was $289 million as compared with net income of $70 million for the same quarter of 2003. The increase...
U.S. Risk Adds Three in Underwriting Unit
Jul 29 2004 // U.S. Risk Insurance Group Inc. announced that Genia Walden, Carrie Keel and Joan Corder have joined U.S. Risk Underwriters in the company’s Dallas, Texas office. Walden will be a member of the Commercial Underwriting...
A.M. Best Report: Canada’s P/C Industry Rebounded Strongly in 2003
Jul 27 2004 // As 2002 fades from memory as the worst performance year by the Canadian property/casualty insurance industry, 2003, on the other hand, will be remembered for the industry’s return to underwriting profitability and...
Romagné Named Sr. VP at XL Re
Jul 23 2004 // XL Re Europe, the Continental Europe platform for the Reinsurance Operations of XL Capital Ltd., announced the appointment of Bertrand Romagné as senior vice president and head of the Property Treaty Department. Romagné,...
Ark. DOI Issues Fairness Directive to P/C Insurers
Jul 22 2004 // Acknowledging that Arkansas law imposes minimal restrictions on underwriting, the Arkansas Insurance Department nevertheless announced that it expects property and casualty insurers to give proper attention to the explicit...
Safeco Posts Strong Profits in All Major P/C Segments
Jul 20 2004 // Seattle-based Safeco announced strong second-quarter results, reflecting the company’s solid underwriting and the competitive strength of its automated sales platform. In addition, weather-related catastrophe losses...
Brokers Urged to Avoid Surprises in Lawyers’ E&O
Jul 19 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising but the questions that today’s insurance underwriters ask about law firm accounts might be, attendees at a recent...
Construction Defects Burning a Hole through the Residential Contractors Market
Jul 19 2004 // Whether real or imagined, the threat of construction defects litigation has burned through the residential contractors liability insurance market like a California wildfire. Over the past couple of years, contractors and...
Fitch Revises Outlook on U.S. Commercial Lines Sector to Stable
Jul 19 2004 // Fitch Ratings has revised its rating outlook for the U.S. commercial lines insurance sector to stable from negative. Fitch had maintained a negative rating outlook on the sector since September 2000. The revised outlook...
Brokers Urged to Avoid Surprises in Lawyers’ E&O
Jul 19 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising, but the questions that today’s insurance underwriters ask about law firm accounts might be, as the attendees at a...
Professional Underwriters in Pa. Acquired by Kronenberg
Jul 15 2004 // A group of private investors led by William Kronenberg, III, has completed its acquisition of designated assets of Professional Underwriters which include name, renewal rights and other undisclosed assets. Professional...
Jacoby Named Underwriter at Burns & Wilcox
Jul 14 2004 // Marilyn Jacoby joined the Dallas/Fort Worth office of Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent Burns & Wilcox Ltd., in the position of underwriter,...
XL Re Appoints Hindle as Ceded Reinsurance and Underwriting Risk Manager
Jul 9 2004 // Bermuda’s XL Re Ltd., a subsidiary of XL Capital Ltd., announced the appointment of Jeremy Hindle as Ceded Reinsurance and Underwriting Risk Manager, based in London. He is currently Director of Property Underwriting...
Commentary: Farewell Reflections Conclusion
Jul 9 2004 // The following article is the conclusion of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. For part-one and part-two see IJ...
Commentary: Farewell Reflections Continued
Jul 8 2004 // The following article is part-two of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. For part-one see IJ National July...
Zurich Appoints Political Risk Underwriter for Washington
Jul 8 2004 // James Brache has joined the Zurich business unit providing insurance and risk management solutions in emerging markets as an underwriter. A provider of political risk and medium-term trade credit insurance, Zurich develops...
Another Soft Market Creates a Hard Reality
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
